Businessmirror April 06, 2019

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DEPARTMENT OF SCIENCE & TECHNOLOGY

PHILIPPINE STATISTICS AUTHORITY

2018 BANTOG DATA MEDIA AWARDS CHAMPION

BusinessMirror

www.businessmirror.com.ph

A broader look at today’s business n

Saturday, April 6, 2019 Vol. 14 No. 178

2018 EJAP JOURNALISM AWARDS

BUSINESS NEWS SOURCE OF THE YEAR

P25.00 nationwide | 2 section 18 pages | 7 DAYS A WEEK

A TRILLION-PESO JOB:

BUT NO TIME CARD,

NO PAY SLIP

W

By Cai U. Ordinario

Women’s unpaid domestic work— child care, elder care and house chores like cleaning, cooking and washing—makes up 20 percent of the country’s GDP. But because the way national accounts are measured does not realistically capture the situation on the ground, this “job” is invisible, because unpaid.

OMEN’S unpaid work, such as taking care of children and doing house chores, could be worth over a trillion pesos every year, according to the Philippine Institute for Development Studies (PIDS). According to PIDS Senior Research Fellow Michael Abrigo, the monetary value of women’s time

spent on child care, elder care and house chores like cleaning, cooking Continued on A2

Where will the next Islamic State take root?

L

By Bobby Ghosh | Bloomberg Opinion

ONG before the last redoubt of the Islamic State collapsed in the Syrian town of Baghouz last month, the group was regressing to a conventional militant-jihadi organization, employing hit-and-run tactics and suicide bombings to sow terror. No longer a “state” of any kind, it is now merely one of many terrorist organizations operating from secret, constantly changing hideouts. It’s an ignominious end for a group that, at its peak, governed a region the size of Britain. The loss of territory will make it harder for governments and counterterrorism agencies to contain Islamic State, but equally, it will constrain

the group’s ability to recruit fighters and raise money. It will now have to compete with other jihadist organizations, without the special esteem it enjoyed along with the trappings of statehood. That was more than a matter

PESO EXCHANGE RATES n US 52.1050

of prestige: It offered tangible advantages. Foremost among them was annual revenue—primarily from taxes and oil smuggling—of hundreds of millions of dollars, and the ability to recruit from among 10 million “citizens” while attracting tens of thousands of fighters and followers from around the world. There was a political dimension, too. By appointing himself

“caliph” in 2014, Islamic State leader Abu Bakr al-Baghdadi arrogated to himself the command of all jihadis. His ability to take and hold territory—including large cities like Mosul—made his claim to their loyalty compelling. (Most Muslims rejected it outright.) The leaders of other terrorist groups may not have recognized al-Baghdadi as suzerain, and jihadi theoContinued on A2

FULL COOPERATION

Ms. Camille G. Lavirotte, Deputy Head of Finance, Contracts and Audit Section of the Delegation of the European Union to the Philippines, and Foreign Affairs Secretary Teodoro L. Locsin Jr. met for a frank exchange of views and committed to the fullest cooperation in the spirit of strengthening the very productive relationship between the Philippines and the European Union. PHOTO COURTESY OF DFA

n JAPAN 0.4667 n UK 68.1481 n HK 6.6385 n CHINA 7.7661 n SINGAPORE 38.4567 n AUSTRALIA 37.0519 n EU 58.4722 n SAUDI ARABIA 13.8939

Source: BSP (April 5, 2019 )


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